If you own an ETF that buys SpaceX but without overweighting vs. float, then you're not contributing to the inflated price in that sense. You're still buying at the inflated price though, so the NASDAQ rule change still affects you indirectly.

I guess the point of the "wealth tax" comment is that any higher taxation of the wealthiest individuals would reduce their power to shape the rules to their favor, and a wealth tax is potentially harder to avoid than income taxes. I think most prior attempts just made them emigrate, though.

mv some_rich_ppl_money some_poor_ppl

You're making it more inefficient; any other hop in such a system is inefficiency.

Such a tiny minority of real people are not that important to the species. Maybe that important to some mind palace of some contemporary meat suits but they're going to die anyway; kicking the can down the road for future people. If we can fuck the future, fuck us then. Our existence is just as forfeitable

My neighbors and family have been expressing such. If we're just going to screw the next generation via environmental collapse and serfdom to rich overlords they opt to give up on the living enabling it

> for a trillionaire[!]

This writes itself. It shouldn't, but "should" as a concept needs a lot of work.

And even that isn't accurate. They are not bending the rules for a trillionaire, they are maintaining the consistency more systemic rules. This is how it has always been. We can all point to real or perceived ethical islands. They certainly exist, and are worth creating and preserving. But for now, the sea still sets the rules, and the sea is deep. For the deeper system, island visibility is a useful distraction. Sometimes something heavy moves near the surface and we misinterpret visibility as exception.

There are also perfectly ordinary situations in which this pattern is used to imply the influence of an unknown party. "They built a bridge over the river." Clearly the speaker does not believe that bridges over rivers construct themselves. She doesn't need to know who built the bridge.

I’d consider someone that puts $50 into Coca Cola stock every paycheck a passive investor

VTI “seeks to track the performance of the CRSP US Total Market Index” [1]. Not the NASDAQ 100. It will include the latter’s components. But it shouldn’t reference its weights.

[1] https://investor.vanguard.com/investment-products/etfs/profi...

In this specific case I am retired and I have done this based on financial projections assuming the game continues to be played the same. So it hits closer to home for me. But it’s a far bigger problem than just me—this is looting the retirement savings of millions of Americans—and it is far from the only thing about this administration and those who have supported it to make me absolutely livid.

If you’re referring to Biden, who all but guaranteed that Trump would win a second term by having zero sense of urgency or concern, zero drive to push through popular but sweeping changes, zero real vision, falling back to politics-as-usual, and topping it all off with disastrously running for a second term until pulling out at almost the last possible second, then yes, him too, and I will personally never forgive him for stepping in when Bernie had momentum.

For anyone else, it’s hard for me to get as worked up over them. Uninspiring, ineffective, bargain basement levels of corruption is upsetting but not a reason to put fire to everything that has put this country and its residents in a position of economic power, peace and security, and as the diplomatic head of the world. If I could wave a magic wand and strip the right to vote from anyone who thought so and acted upon that belief, I wouldn’t give it a second of hesitation.

No? Contractually, maybe. But legally you can do whatever you want with index constructions.